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It’s all about the flags.. 25 November 2008

Posted by marisacat in Inconvenient Voice of the Voter.
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President-elect Barack Obama on Monday in Chicago with three new members of his economic team, from left, Timothy F. Geithner, Christina D. Romer and Lawrence H. Summers. [Pablo Martinez Monsivais/Associated Press]

The Noon roll out today… More flags (8) than noms (4) on the stage with Ob and Knob.  Should go well.  But… Shouldn’t they all be wearing lapel flags?  The health and safety of the nation is at risk, I think they should.

We are told to be reassured that the fellas are working together.  hmm.

Other than that, a wag in the threads at Clusterfuck, I mean Clusterstock, asked if we know the status of the Citi corporate jet(s)… do we???  And why are they allowed to keep their management ??? A few weeks ago we were told they were fine, fine enough to be considered a buyer/protector of Wachovia (whew!  Thank God, Wells Fargo won that round!)…

Numbers give me a headache, but it seems at a quick glance we gave, lent, whatever! Citi far more than it is worth.  Nor, from what I read, did it rally today in any measurable way.  Bob?  Bob?  Bob Rubin?  Care to step out of the room and cease and desist?  Might be the decent thing to do, but then he has friends on the inside.  Inside the government, incoming we know and surely in the Paulson inner cabal.  GM cut Tiger Woods loose as an endorser… maybe time for Bob to GO.  As I am typing this, Pearlstein is on with Rose saying Rubin goaded Citi to race harder, faster to match in profits Goldman Sachs.

Following Pearlstein is Vernon Jordan, painting himself as having been all but a preacher man, all his long life.  He reads the times.  If it is not one scam (leveraging games) it is another (affinity to the collection plate).  Probably has a new self serving book out… (you have to laugh!).

What a sick joke it all is.  And the joke, like a giant on-coming sneeze we cannot escape, is on us.  I am thinking of a rather sad elephant out at the SF Zoo when I was a child.  Right, called Sneezy.

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1. marisacat - 25 November 2008

Mike Whitney has a new piece up at Counterpunch.

2. marisacat - 25 November 2008

LOL try not to be too too shocked at all the gambling in Casablanca.

[T]he institute found that while nearly 50 percent of Mr. Obama’s donations came in individual contributions of $200 or less, in reality, only 26 percent of the money he collected through Aug. 31 during the primary and 24 percent of his money through Oct. 15 came from contributors whose total donations added up to $200 or less. The data is the most recent available.

Those figures are actually in the same range as the 25 percent President Bush raised in 2004 from donors whose contributions aggregated to $200 or less, the 20 percent Senator John F. Kerry collected from such donors and Senator John McCain’s 21 percent from the same group. Meanwhile, Senator Hillary Rodham Clinton collected just 13 percent from such donors during her run but former Vermont Gov. Howard Dean brought in 38 percent of his donations from small donors fitting this description.::snip::

3. Madman in the Marketplace - 25 November 2008

Bailout costs

If we add in the Citi bailout, the total cost now exceeds $4.6165 trillion dollars.

People have a hard time conceptualizing very large numbers, so let’s give this some context. The current Credit Crisis bailout is now the largest outlay In American history.

Crunching the inflation adjusted numbers, we find the bailout has cost more than all of these big budget government expenditures – combined:

• Marshall Plan: Cost: $12.7 billion, Inflation Adjusted Cost: $115.3 billion
• Louisiana Purchase: Cost: $15 million, Inflation Adjusted Cost: $217 billion
• Race to the Moon: Cost: $36.4 billion, Inflation Adjusted Cost: $237 billion
• S&L Crisis: Cost: $153 billion, Inflation Adjusted Cost: $256 billion
• Korean War: Cost: $54 billion, Inflation Adjusted Cost: $454 billion
• The New Deal: Cost: $32 billion (Est), Inflation Adjusted Cost: $500 billion (Est)
• Invasion of Iraq: Cost: $551b, Inflation Adjusted Cost: $597 billion
• Vietnam War: Cost: $111 billion, Inflation Adjusted Cost: $698 billion
• NASA: Cost: $416.7 billion, Inflation Adjusted Cost: $851.2 billion

TOTAL: $3.92 trillion

It’s not a bailout, it’s a looting.

4. NYCO - 25 November 2008

Watch this space…

http://www.dryships.com/index.cfm?get=report

What is this? It’s the Baltic Dry Index, an obscure, little-discussed number that happens to be one of the world’s leading economic indicators. It measures supply and demand for commodities and how they are flowing through the world’s shipping systems.

http://en.wikipedia.org/wiki/Baltic_Dry_Index

When the number gets lower, less commodities (iron ore, building materials, oil, grain) are on the high seas.

The index took a precipitous plunge during the month of October from 11,793 to an all-time low of 815, a loss of 93%.

Today, it is at 804, a new low.

Why is it so low? Mainly because the world commodities markets ar are beginning to feel the impact of the credit freeze (shippers with commodities arriving at ports cannot find buyers whose banks will issue them letters of credit, so they don’t get paid, so they have stopped shipping).

What does this mean? Hard to say, but if the number remains this low, it could mean growing shortages of goods and food in import-dependent markets, like the U.S. Some people think we’ll start seeing this in maybe 3 months.

I’m posting this because you aren’t likely to see this index discussed on the evening news, or monitored by most financial experts.

5. NYCO - 25 November 2008

3. (Correction: the BDI does not measure supply and demand for commodities, so much as it measures supply and demand for ships of various types. However, this is linked to the supply/demand for commodities.)

6. marisacat - 25 November 2008

A reader just popped me this… gah. Morgan Stanley may need more than Citi got.

7. marisacat - 25 November 2008

Apparently Ob sill speak again on Wednesday.

Good Tuesday morning. A little bird asks us to tell you that the president-elect tomorrow (Thanksgiving getaway day) will hold his THIRD NEWS CONFERENCE ON THE ECONOMY IN THREE DAYS.
— from the Mike Allen email.

8. marisacat - 25 November 2008

LOL hey media, too fucking late to complain!

Ben Smith:

“A bunch”=4

One thing that hasn’t changed: Obama, who once complained of having to answer “like eight” questions from reporters, still likes to keep his press avails short.

“No follow-up Andy, because we’ve go to do a bunch,” Obama told a local television reporter, Andy Shaw, about 15 minutes into his press conference in Chicago today, just as his press secretary shouted, “Last question.”

“A bunch,” in this case, means “four.”

Get a clue… questions are far less scripted and even bland follow up, less scripted. I did nto see today’s but at yesterday’s he even read from a list of reporters. Aside from having to read every lousy word in his commentary…. Can’t call it a speech.

9. marisacat - 25 November 2008

Via The Page:

The president-elect’s former campaign manager [Plouffe] sends out an e-mail to supporters about the details of Obama’s economic team.

Tells them they’ll be “instrumental” in generating support to pass economic legislation.

Busy bees, next will be craft classes.

meanwhile over at Democracy NOW!

AMY GOODMAN: Michael Hudson?

MICHAEL HUDSON: I think the idea that Obama will change his economic philosophy is quixotic. In Berlin, almost everybody there was sure that Obama would be another Gorbachev, somebody laying low, somebody going along with seemingly conforming so that all of a sudden nce he was in he could do a revolution. Almost everybody was hoping against hope that would be the case. And instead of looking like Gorbachev, not all of the sudden Mr. Obama is looking like Yeltsin. Just the umbrella for these kelptokrats to come back in.

Amy had Naomi K, Kuttner and Michael Hudson on…

10. aemd - 25 November 2008

#7 Well it’s just my opinion but…the way I see it, he don’t got enough flags. More flags and this little problem with the economy would be solved. And what is with “the office of the president elect” shit. Yeah, right. With no big ole seal of office, LOL, SURE we’re buying that crap.

#9 Like anyone can get off that email list. (God have I tried and I never signed up for it.) Spam central. LOL. Christ my parents lectured me less. :-)

I wonder when the “O” team will figure out that are that big productions, huge crowds, fawning press, royal staging and screaming groupies, ain’t all needed to fix this little CF.

#4 Golly ya mean the 120 billion the Central Bank dumped into North Korea, Mexico, Brazil and Singapore didn’t solve the LOC problem. Well I’ll be damn. Who counda known. ;-)

Ya know, we really are fucked here. LOL.

11. marisacat - 25 November 2008

LOL

Christ my parents lectured me less.

Slightly less bad times he might be able to the run that “classroom, teacher” scheisse… but as things worsen, which sadly they will, it may reach a choking point.

Hard to say.

Greider has a good one up…. Not a very reassuring assessment of Geithner.

12. NYCO - 25 November 2008

Had to laugh at the following that appeared in my Gmail box…

*WYN – Inauguration Bus
3 nights of exciting historical events & change! YES U CAN GO.
http://www.inauguration2009buffalobus.com

Obama Inaugural Pins
Dressy, classy, sparkly, exclusive Obama Hope Pin!
http://www.Obama-Bling.com

Michelle Obama in J.Crew®
Get the Look Michelle Obama Wore on The Tonight Show Only from J.Crew.
http://www.JCrew.com

http://www.Obama-Bling.com ?

I’m going to do a little experiment. On Inauguration Day, I’m not going to turn on my TV set. I won’t need to. I theorize that the massive waves of History will zoom out from the Capitol at the speed of light, hitting my house (700 miles away) within mere seconds. I’m going to hook up a seismograph. And an orgasmograph, if I can borrow one.

13. aemd - 25 November 2008

#11 Got as far as…

“Let us stipulate that these are all honorable people, ” Giggle, Snort, Choke…Gasp… Oh, let us all “stipulate” that.

Geithner is one of the boys. He will take direction… More flags, more crowds, more selectively and well lit gravitis …hey, hey can’t you get that young girl to gasp and cry on cue..

Throwing more debt at this sucker won’t do shit. Moniterin (oversight) and dampimg/governing (regulation) would be a step in the right direction.

But that ain’t gonna happen. When Congress passed that 700 billion dollar clusterfuck they, once again, abdicated their oversight and fiduciary responsiblity to the executive branch. They turned it into another, one of many, political chewtoy. It won the Dems the Executive branch and Congress. Now they’re stuck.

Clicking those rudy slippers and hoping for change just ain’t gonna do it.

But more flags and a seal of office might distract the rubes for a bit. ;-)

#12 “And an orgasmograph, if I can borrow one”

Check with Ioz. He may let you borrow his.

14. marisacat - 25 November 2008

Whitney .. linked to uptop… says Geithner was at some point mentored by Kissinger.

15. marisacat - 25 November 2008

Brennan his withdrawn his name for CIA First Read

Reporters and others were asking questions about what role Brennan played in the decision to “torture” high value targets.

16. marisacat - 25 November 2008

NBC News admits they are printing money. Earlier they used trickery iwth numbers but now we are down to the nitty gritty. Print the stuff up and disperse it.

FOr some reason Brian Williams ended up calling the reports good news.

We are certifiably nuts.

LOL Remembering when… it was Argentina I think was printing it so fast they jsut printed one side.

17. Intermittent Bystander - 25 November 2008

certifiably nuts

Dat’s a fack!

I say we need a variety of flags to indicate current status of the great American ship of state.

More semiotics in the semaphore, please!

FYI for folks in different time zones – Anthony Bourdain’s episode tonight visits the Tex-Mex border – IMO, it’s a good ‘un.

18. Intermittent Bystander - 25 November 2008

test

19. Intermittent Bystander - 25 November 2008

Bit of semaphore modded out – sorry!

20. Intermittent Bystander - 25 November 2008

Gracias.
:)

21. Madman in the Marketplace - 25 November 2008

FOr some reason Brian Williams ended up calling the reports good news.

Moron.

22. Madman in the Marketplace - 25 November 2008
23. Madman in the Marketplace - 25 November 2008

OMG, it’s Sodom on the bay!

RFLMAO!!!!

24. marisacat - 25 November 2008

Something to champion

Miami judge rules against Florida gay adoption ban

By CURT ANDERSON – 9 hours ago

MIAMI (AP) — A judge on Tuesday overturned a strict Florida law that blocks gay people from adopting children, declaring there was no legal or scientific reason for sexual orientation alone to prohibit anyone from adopting.

Miami-Dade Circuit Judge Cindy Lederman said the 31-year-old law violates equal protection rights for the children and their prospective gay parents, rejecting the state’s arguments that there is “a supposed dark cloud hovering over homes of homosexuals and their children.”

She noted that gay people are allowed to be foster parents in Florida. “There is no rational basis to prohibit gay parents from adopting,” she wrote in a 53-page ruling.

Florida is the only state with an outright ban on gay adoption. Arkansas voters last month approved a measure similar to a law in Utah that bans any unmarried straight or gay couples from adopting or fostering children. Mississippi bans gay couples, but not single gays, from adopting.

The state planned a swift appeal, likely setting up a battle that could reach the Florida Supreme Court. A judge in gay-friendly Key West also found the law unconstitutional in September, but that ruling has not been appealed and has limited legal reach.

The state presented experts who claimed there was a higher incidence of drug and alcohol abuse among gay couples, that they were more unstable than heterosexual unions and that the children of gay couples suffer a societal stigma.

Organizations such as the American Academy of Pediatrics, American Medical Association and American Psychiatric Association all support permitting same-sex couples to adopt.

Lederman rejected all the state’s arguments soundly.

“It is clear that sexual orientation is not a predictor of a person’s ability to parent,” the judge wrote. “A child in need of love, safety and stability does not first consider the sexual orientation of his parent. The exclusion causes some children to be deprived of a permanent placement with a family that is best suited to their needs.”

Can I jsut emphasise “31 year old law”… becuase while Sully is happy over this (I found it at his site) he and others (Lessig for another) have this idea that gays in CA should follow the ballot route and not the CA SC route. AFAICT, it is the court route that heads all of this to the SCOTUS. Where it belongs.

25. BooHooHooMan - 25 November 2008

Oh, I can’t resist, Mcat. It’s The Flags.

You’re piece is spot on. And the joke, like a giant on-coming sneeze we cannot escape, is on us.- Mcat

More like a barf, kiddo. Whether it’s that tiresome old head blowing chunks on his wind bag, then giving a plug {work it, baby!} to Bow Wower shnauzering up dismay, there def is a parting on the Demi-Left – [Surprise!-} not summoned by Black Moses.

Speaking of Flags, all about the Flags, I’ve waited to point this out—dunno if anyone spotted it before…

How often is there a Flag just natur’lly in the foreground at the gym?

Poseur.

Yeh, it’s from the recent Time piece but I figured a link to BigBagofNothing was more appropo.

Obama’s set designers have a penchant for this crap. Like the cliched Hole in the Shoe Pic,.
the Obama patriotic Jock Cockey pic is bad Muscular Riff , also very bad form to turn one’s back on the Duke and Duchess of Windsor Mid Air

Aren’t we in Luv and all that…

What pose is next? FDR I suppose. ~ the wheelchair.

26. BooHooHooMan - 26 November 2008

Whoops. Double clutched.

27. marisacat - 26 November 2008

”What pose is next? FDR I suppose. ~ the wheelchair”. — BHHM

(and sorry you got snagged in Moderation)

Well Newsweek did him as FDR, the shot of him in the open car, looking bad, hat on head, cigarette in a holder. Of course a managed photograph, to shield the shriveled legs.

I found ti nothing short of creepy.. like the slobberation of a piece TNR did months ago on MO, with pictorials inside of her in the Dallas, November 22, 1963 pink pill box hat.

Geesh. Try not hoping so hard… is all I can say. The rot of the grave hangs heavy in the air.

28. marisacat - 26 November 2008

gnu thred………………

LINK

……. 8O …….


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